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Debt and Commitments (Tables)
12 Months Ended
Dec. 31, 2012
Debt Disclosure [Abstract]  
Schedule of Debt
Long-term debt and notes and overdrafts payable at December 31 consisted of:
 
 
2012
 
2011
 
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
3.375% Convertible Notes
 
$
55,636

 
$
57,977

 
$
55,636

 
$
59,038

Unamortized debt discount – 3.375% Convertible Notes
 
(3,122
)
 

 
(5,333
)
 

Revolving credit agreement
 
589,200

 
599,172

 
281,900

 
270,288

Borrowings under lines of credit and overdrafts
 
3,380

 
3,380

 
12,364

 
12,364

Foreign bank borrowings
 
945

 
947

 
1,485

 
1,642

Other
 
574

 
574

 

 

 
 
646,613

 
662,050

 
346,052

 
343,332

Less current maturities
 
(4,494
)
 
 
 
(12,904
)
 
 
Long-term debt
 
$
642,119

 
 
 
$
333,148

 
 
Schedule of Convertible Notes
The following table sets forth balance sheet information regarding the Company’s convertible notes at December 31:
 
 
 
2012
 
2011
3.375% Convertible Notes:
 
 
 
 
Carrying value of equity component, net of tax
 
$
10,772

 
$
10,772

Principal value of liability component
 
$
55,636

 
$
55,636

Unamortized debt discount
 
(3,122
)
 
(5,333
)
Net carrying value of liability component
 
$
52,514

 
$
50,303

Schedule of Interest Expense on Convertible Notes
The following table sets forth the components of interest expense for the Company’s convertible notes for the years ended December 31, 2012, 2011 and 2010.
 
 
 
2012
 
2011
 
2010
Interest expense – 3.375% coupon
 
$
1,878

 
$
1,878

 
$
1,878

Interest expense – 3.375% debt discount amortization
 
2,211

 
2,044

 
1,887

Interest expense – 3.75% coupon
 

 
1,225

 
3,469

Interest expense – 3.75% debt discount amortization
 

 
114

 
3,841

 
 
$
4,089

 
$
5,261

 
$
11,075